United Community Banks, Inc. (NASDAQ:UCBI) – SunTrust Banks reduced their Q1 2018 earnings per share (EPS) estimates for shares of United Community Banks in a note issued to investors on Wednesday. SunTrust Banks analyst J. Demba now anticipates that the financial services provider will post earnings of $0.50 per share for the quarter, down from their previous forecast of $0.51. SunTrust Banks currently has a “Buy” rating and a $33.00 target price on the stock. SunTrust Banks also issued estimates for United Community Banks’ Q3 2018 earnings at $0.60 EPS.
United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. United Community Banks had a net margin of 14.14% and a return on equity of 10.12%. The company had revenue of $118.24 million during the quarter, compared to the consensus estimate of $118.26 million. During the same period in the prior year, the business posted $0.40 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis.
United Community Banks (NASDAQ UCBI) opened at $32.08 on Monday. United Community Banks has a one year low of $24.47 and a one year high of $32.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.80 and a current ratio of 0.81. The company has a market cap of $2,350.00, a PE ratio of 35.64 and a beta of 0.89.
The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.40 annualized dividend and a yield of 1.25%. United Community Banks’s dividend payout ratio (DPR) is currently 44.44%.
A number of large investors have recently modified their holdings of UCBI. Principal Financial Group Inc. lifted its stake in United Community Banks by 153.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,396,237 shares of the financial services provider’s stock valued at $39,849,000 after purchasing an additional 846,122 shares during the last quarter. Maltese Capital Management LLC lifted its stake in United Community Banks by 64.9% in the 3rd quarter. Maltese Capital Management LLC now owns 587,000 shares of the financial services provider’s stock valued at $16,753,000 after purchasing an additional 231,000 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in United Community Banks in the 4th quarter valued at about $5,697,000. FMR LLC lifted its stake in United Community Banks by 11.1% in the 2nd quarter. FMR LLC now owns 1,954,112 shares of the financial services provider’s stock valued at $54,324,000 after purchasing an additional 194,762 shares during the last quarter. Finally, Boston Advisors LLC acquired a new stake in United Community Banks in the 3rd quarter valued at about $5,472,000. Institutional investors and hedge funds own 87.71% of the company’s stock.
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About United Community Banks
United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.
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